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When the US market opened, the BCH/USD pair seemed to be trying to reach its first target at the 295.44 level. If this level is hit, the pair is likely to move up towards its second target at the middle Pitchfork Channel. As long as the BCH/USD pair does not break through and close below the 279.55 level, the bias is bullish.
The material has been provided by InstaForex Company - www.instaforex.com